Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
THE HERSHEY FAMILY FOUNDATION
ROPES & GRAY LLP/CCASEY
Number and street (or P.O. box number if mail is not delivered to street address)800 BOYLSTON STREET 3600
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA021993600
A Employer identification number

34-1574366
B Telephone number (see instructions)

(617) 951-7918
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$91,294,946
J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books
(b) Net investment
income
(c) Adjusted net
income
(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 128,298 128,298  
4 Dividends and interest from securities... 1,576,896 1,576,896  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,842,795
b Gross sales price for all assets on line 6a 25,202,324
7 Capital gain net income (from Part IV, line 2)... 1,842,795
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... 29 29 0
12 Total. Add lines 1 through 11........ 3,548,018 3,548,018 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 23,900 11,950 0 11,950
c Other professional fees (attach schedule).... 31,024 31,024 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 98,657 12,863 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 500 0 0 500
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 154,081 55,837 0 12,450
25 Contributions, gifts, grants paid....... 5,597,307 5,597,307
26 Total expenses and disbursements. Add lines 24 and 25 5,751,388 55,837 0 5,609,757
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,203,370
b Net investment income (if negative, enter -0-) 3,492,181
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 21,000,605 24,179,007 24,179,007
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 28,103,314 Click to see attachment22,531,590 60,980,003
c Investments—corporate bonds (attach schedule)....... 6,181,325 Click to see attachment6,179,332 6,135,936
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 55,285,244 52,889,929 91,294,946
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 55,285,244 52,889,929
29 Total net assets or fund balances (see instructions)..... 55,285,244 52,889,929
30 Total liabilities and net assets/fund balances (see instructions). 55,285,244 52,889,929
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
55,285,244
2
Enter amount from Part I, line 27a .....................
2
-2,203,370
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
315,000
4
Add lines 1, 2, and 3 ..........................
4
53,396,874
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
506,945
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
52,889,929
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a US TRUST #6247   2020-01-01 2021-12-31
b US TRUST #1676   2020-01-01 2021-12-31
c VANGUARD #0675   2020-01-01 2021-12-31
d
e
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a 26   12 14
b 3,010,941   3,001,394 9,547
c 22,191,357   20,358,123 1,833,234
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a       14
b       9,547
c       1,833,234
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
Bracket 2 1,842,795
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ...................
Bracket 3 0
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 48,541
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 48,541
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 60,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 80,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 487
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 30,972
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet30,972 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
  • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
     
    No
    Website addressbulletN/A
    14
    The books are in care ofbulletBARRY J HERSHEY Telephone no.bullet (617) 951-7918

    Located atbulletROPES GRAY 800 BOYLSTON ST STE 3600BOSTONMA ZIP+4bullet02199
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position
    (c) Compensation
    (If not paid, enter
    -0-)
    (d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    BARRY J HERSHEY TRUSTEE
    0.10
    0 0 0
    ROPES GRAY LLP / CCASEY 800
    BOYLSTON STREET SUITE 3600
    BOSTON,MA021993600
    CONNIE HERSHEY TRUSTEE
    0.10
    0 0 0
    ROPES GRAY LLP / CCASEY 800
    BOYLSTON STREET SUITE 3600
    BOSTON,MA021993600
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position
    (c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation
    (e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 N/A 0
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A 0
    2  
    All other program-related investments. See instructions.
    3 Click to see attachment 0
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    70,709,732
    b
    Average of monthly cash balances.......................
    1b
    19,800,157
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    90,509,889
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    90,509,889
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,357,648
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    89,152,241
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    4,457,612
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    4,457,612
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    48,541
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    48,541
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,409,071
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,409,071
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    4,409,071
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus
    (b)
    Years prior to 2020
    (c)
    2020
    (d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 4,409,071
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 1,644,160
    b From 2017...... 721,259
    c From 2018...... 2,277,765
    d From 2019...... 1,992,198
    e From 2020...... 470,582
    f Total of lines 3a through e ........ 7,105,964
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 5,609,757
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....
    0
    c Treated as distributions out of corpus (Election
    required—see instructions)........
    0
    d Applied to 2021 distributable amount..... 4,409,071
    e Remaining amount distributed out of corpus 1,200,686
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 8,306,650
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........
    0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......
    0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........
    0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............
    0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........
    0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......
    0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...
    1,644,160
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......
    6,662,490
    10 Analysis of line 9:
    a Excess from 2017.... 721,259
    b Excess from 2018.... 2,277,765
    c Excess from 2019.... 1,992,198
    d Excess from 2020.... 470,582
    e Excess from 2021.... 1,200,686
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........
    Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....
             
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........
             
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....
             
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)
             
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..
             
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....
             
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....
             
    (3) Largest amount of support
    from an exempt organization
             
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    BARRY J HERSHEY
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    Foundation
    status of
    recipient
    Purpose of grant or
    contribution
    Amount
    Name and address (home or business)
    aPaid during the year
    ALTRUISM IN MEDICINE INSTITUTE
    101 S CEDAR ST
    CORTEZ,CO81321
    NONE PC THE MISSION OF THE ALTRUISM MEDICINE INSTITUTE IS TO PROMOTE AND SUPPORT RIGOROUS, MULTI-DISCIPLINARY SCIENTIFIC INVESTIGATION OF THE ROLE OF ALTRUISM AND HEALTHY MENTAL STATES IN FOSTERING A MORE PEACEFUL AND HAPPY SOCIETY. RESEARCH AND KNOWLEDGE SERVE AS THE FOUNDATION FOR THE PROMOTION AND EDUCATION OF ALTRUISM 50,000
    AMERICAN REPERTORY THEATRE
    64 BRATTLE ST
    CAMBRIDGE,MA02138
    NONE PC FUNDING HELPS EXPAND THE BOUNDARIES OF THEATRE, PRODUCTION, PERFORMING, AND PRESENTING LITERARY WORKS. 150,000
    BIDMC
    330 BROOKLINE AVE
    BOSTON,MA02215
    NONE PC BETH ISRAEL DEACONESS MEDICAL CENTER SERVES PATIENTS COMPASSIONATELY AND EFFECTIVELY, AND CREATES A HEALTHY FUTURE FOR THEM AND THEIR FAMILIES. OUR MISSION IS SUPPORTED BY OUR COMMITMENT TO PERSONALIZED, EXCELLENT CARE FOR OUR PATIENTS; A WORKFORCE COMMITTED TO INDIVIDUAL ACCOUNTABILITY, MUTUAL RESPECT AND COLLABORATION; AND A COMMITMENT TO MAINTAINING OUR FINANCIAL HEALTH. 500,000
    BROWN UNIVERSITY
    38 GEORGE STREET
    PROVIDENCE,RI02912
    NONE PC FUNDING FOR BROWN UNIVERSITY TO EDUCATE STUDENTS. 55,000
    CASE WESTERN RESERVE UNIV
    10900 EUCLID AVENUE
    CLEVELAND,OH44106
    NONE PC THE UNIVERSITY'S COMMITMENT IS TO EXCELLENCE IN TEACHING, RESEARCH AND SCHOLARSHIP. THE UNIVERSITY BRINGS TOGETHER HIGHLY QUALIFIED FACULTY, STUDENTS AND STAFF TO: 1) OFFER UNDERGRADUATE EDUCATION THAT PRESERVES THE STRENGTHS OF THE TRADITIONAL ARTS AND SCIENCES, AND THE PROFESSIONS, 2) PREPARE STUDENTS FOR POSITIONS OF LEADERSHIP IN PROFESSIONS THAT ARE IMPORTANT TO SOCIETY, AND, 3) ADVANCE, THROUGH RESEARCH AND SCHOLARSHIP, THE UNDERSTANDING OF ITS CHOSEN DISCIPLINES AND THEIR APPLICATIONS. 600,000
    CENTER FOR CONTEMPLATIVE MIND IN SOCIETY
    296 NONOTUCK STREET SUITE 5
    FLORENCE,MA01062
    NONE PC THE CENTER FOR CONTEMPLATIVE MIND IN SOCIETY TRANSFORMS HIGHER EDUCATION BY SUPPORTING AND ENCOURAGING THE USE OF CONTEMPLATIVE/INTROSPECTIVE PRACTICES AND PERSPECTIVES TO CREATE ACTIVE LEARNING AND RESEARCH ENVIRONMENTS THAT LOOK DEEPLY INTO EXPERIENCE AND MEANING FOR ALL IN SERVICE OF A MORE JUST AND COMPASSIONATE SOCIETY. 30,000
    EQUAL JUSTICE INITIATIVE
    122 COMMERCE STREET
    MONTGOMERY,AL36104
    NONE PC EJI IS COMMITTED TO ENDING MASS INCARCERATION AND EXCESSIVE PUNISHMENT IN THE UNITED STATES, TO CHALLENGING RACIAL AND ECONOMIC INJUSTICE, AND TO PROTECTING BASIC HUMAN RIGHTS FOR THE MOST VULNERABLE PEOPLE IN AMERICAN SOCIETY. 50,000
    FEEDING AMERICA
    35 E WACKER DRIVE SUITE 2000
    CHICAGO,IL60601
    NONE PC FUNDING FOR AMERICA'S HUNGRY THROUGH A NATIONWIDE NETWORK OF FOOD BANKS IN THE FIGHT TO END HUNGER. 100,000
    FINCA
    1201 15TH STREET NW 8TH FLOOR
    WASHINGTON,DC20005
    NONE PC FUNDING HELPS PROVIDE FINANCIAL SERVICES TO THE WORLD'S LOWEST-INCOME ENTREPRENEURS. 100,000
    FUNDERBURG SCHOLARS
    199 PARK LANE
    CONCORD,MA01742
    NONE PC FUNDERBURG SCHOLARS IS AN ALL VOLUNTEER ORGANIZATION THAT HELPS INNER CITY YOUTH ATTEND COLLEGE. 86% OF OUR FUNDS WERE USED FOR TUITION AND 13% FOR TEXTBOOKS. THE STUDENTS ARE THOSE WHO ATTENDED THE UNITARIAN UNIVERSALIST URBAN MINISTRY'S AFTER SCHOOL ROXBURY YOUTH PROGRAM. 90,000
    GLOBAL ARTS PROJECT FOR PEACE
    PO BOX 40445
    TUCSON,AZ85717
    NONE PC FUNDING FOR THE PROMOTION OF WORLD PEACE THROUGH USE OF THE ARTS. 35,000
    GREENING HAITI FOUNDATION
    82 LANGSFORD STREET
    GLOUCESTER,MA01930
    NONE PC GREENING HAITI FUND AIMS TO RESTORE THE SELF-SUFFICIENCY OF THE RURAL COMMUNITY OF FOND-DES-BLANCS, HAITI, BY REVERSING DEFORESTATION AND SOIL DEPLETION THROUGH ENVIRONMENTAL EDUCATION, SOIL REVITALIZATION, AND TREE PLANTING. 25,000
    HARVARD DIVINITY SCHOOL
    45 FRANCIS AVE
    CAMBRIDGE,MA02138
    NONE PC HARVARD DIVINITY SCHOOL IS A NONSECTARIAN SCHOOL OF RELIGIOUS AND THEOLOGICAL STUDIES THAT EDUCATES STUDENTS BOTH IN THE PURSUIT OF THE ACADEMIC STUDY OF RELIGION AND IN PREPARATION FOR LEADERSHIP IN RELIGIOUS, GOVERNMENTAL, AND A WIDE RANGE OF SERVICE ORGANIZATIONS. 200,000
    HARVARD LAW SCHOOL (E ASIAN)
    1585 MASSACHUSETTS AVENUE
    CAMBRIDGE,MA02138
    NONE PC THE LAW SCHOOL OFFERS INSTRUCTION ON THE LEGAL SYSTEMS OF EAST ASIA AND SPONSORS IN-DEPTH RESEARCH CONDUCTED BY SCHOLARS IN RESIDENCE. JOINT PROGRAMS OF STUDY CAN ALSO BE ARRANGED ON AN INDIVIDUAL BASIS WITH OTHER PARTS OF HARVARD UNIVERSITY. AN ACTIVE EXTRACURRICULAR PROGRAM INCLUDES A LUNCHTIME SPEAKER SERIES THAT COMBINES LECTURES AND DISCUSSIONS ON ASIAN LEGAL THEMES IN AN INFORMAL SETTING, A WORKSHOP SERIES PROVIDING A MORE FORMAL SETTING FOR THE PRESENTATION OF RESEARCH PROJECTS, AND FOREIGN LANGUAGE DISCUSSION GROUPS ON LEGAL ISSUES. 30,000
    HARVARD UNIV GRAD SCH ARTSSCIENCES
    1350 MASSACHUSETTS AVE HOLYOKE
    CENTER 350
    CAMBRIDGE,MA02138
    NONE PC FUNDING FOR HARVARD UNIVERSITY GRADUATE SCHOOL OF ARTS AND SCIENCES TO EDUCATE STUDENTS. 150,000
    HEALTH EQUITY INTERNATIONAL FKA SAINT BONIFACE HAITI FOUNDATION
    40 GLEN AVE
    NEWTON,MA02459
    NONE PC HEALTH EQUITY INTERNATIONAL IS DEDICATED TO PROVIDING ESSENTIAL HEALTH SERVICES TO THE PEOPLE OF SOUTHERN HAITI, ESPECIALLY THE MOST VULNERABLE. WE ARE COMMITTED TO BUILDING A COMPREHENSIVE, EFFICIENT, AND RESILIENT HEALTH SYSTEM THAT PROVIDES HIGH QUALITY CARE. WE BELIEVE THAT ENSURING ACCESS TO LIFE-SAVING AND LIFE-CHANGING HEALTH SERVICES IS A CRITICAL COMPONENT TO BUILDING STRONG AND PRODUCTIVE COMMUNITIES. 100,000
    HERSHEY MONTESSORI SCHOOL
    10229 PROUTY RD
    CONCORD TWP,OH44077
    NONE PC FUNDING FOR EDUCATING CHILDREN FROM INFANCY TO 12 YEARS OF AGE AND ADOLESCENTS. 150,000
    HUNTINGTON THEATRE COMPANY
    264 HUNTINGTON AVE
    BOSTON,MA02115
    NONE PC FUNDING HELPS TRAIN AND SUPPORT THE NEXT GENERATION OF THEATRE ARTISTS, PROVIDES ART EDUCATION PROGRAMS THAT PROMOTE LIFE-LONG LEARNING TO A DIVERSE COMMUNITY, AND CELEBRATES THE ESSENTIAL POWER OF THE THEATRE. 50,000
    INWARD BOUND MINDFULNESS EDUCATION
    768 GREAT POND RD
    N ANDOVER,MA01845
    NONE PC FUNDING FOR YOUTH TRAINING 150,000
    KARUNA-SHECHEN
    237 WEST 35TH STREET SUITE 1101
    NEW YORK,NY10001
    NONE PC KARUNA-SHECHEN WORKS TO PROVIDE HEALTH CARE, EDUCATION, AND SOCIAL SERVICES FOR THE UNDER-SERVED POPULATIONS OF INDIA, NEPAL, AND TIBET. 230,000
    LAMA YESHE WISDOM PUBLICATIONS
    PO BOX 356
    WESTON,MA02493
    NONE PC FUNDING HELPS TRANSLATE, EDIT, REPRODUCE, PUBLISH AND DISTRIBUTE EDUCATIONAL MATERIALS ON THE TEACHINGS OF LAMA YESHE AND LAMA ZAPA RINPOCHE TO THE GENERAL PUBLIC. 100,000
    MACDOWELL
    10 HIGH STREET
    PETERBOROUGH,NH03458
    NONE PC THE MISSION OF MACDOWELL IS TO NURTURE THE ARTS BY OFFERING CREATIVE INDIVIDUALS AN INSPIRING ENVIRONMENT IN WHICH THEY CAN PRODUCE ENDURING WORKS OF THE IMAGINATION. OUR ADMISSIONS PHILOSOPHY IS THAT RESIDENCIES ARE OFFERED BASED ON COMMITMENT TO ARTISTIC PRACTICE DEMONSTRATED BY WORK SAMPLES AND THE CLARITY OF PURPOSE EXPRESSED IN APPLICANTS' PROJECT DESCRIPTIONS, RATHER THAN REPUTATION OR PAST ACHIEVEMENTS. OUR ONGOING OUTREACH EFFORTS SEEK TO INFORM AND ENCOURAGE ANY ARTIST TO APPLY TO MACDOWELL. 25,000
    MIND AND LIFE INSTITUTE
    7007 WINCHESTER CIRCLE SUITE 100
    BOULDER,CO80301
    NONE PC FUNDING FOR MEETINGS BETWEEN WESTERN SCIENTISTS AND LEADING CONTEMPLATIVE FIGURES TO STUDY SIMILARITIES AND DIFFERENCES BETWEEN WESTERN SCIENTIFIC PRACTICES AND CONTEMPLATIVE MEDITATIONAL TECHNIQUES. 593,591
    ONE HEART WORLD-WIDE
    1818 PACHECO ST
    SAN FRANCISCO,CA94116
    NONE PC PURPOSE IS TO DECREASE MATERNAL AND NEONATAL MORTALITY AND MORBIDITY IN REMOTE, RURAL AREAS. 25,000
    OXFAM AMERICA
    26 WEST STREET BOSTON MA 02111
    BOSTON,MA02111
    NONE PC FUNDING IS FOR THE CREATION OF LASTING SOLUTIONS TO END POVERTY, HUNGER AND INJUSTICE. 170(B)(1)(A)(VI) 150,000
    PARTNERS IN HEALTH
    800 BOYLSTON ST SUITE 300
    BOSTON,MA02199
    NONE PC OUR MISSION IS A PREFERENTIAL OPTION FOR THE POOR IN HEALTH CARE. BY ESTABLISHING LONG-TERM RELATIONSHIPS WITH SISTER ORGANIZATIONS BASED IN SETTINGS OF POVERTY, PARTNERS IN HEALTH STRIVES TO ACHIEVE TWO OVERARCHING GOALS: TO BRING BENEFITS OF MODERN MEDICAL SCIENCE TO THOSE MOST IN NEED OF THEM AND TO SERVE AS AN ANTIDOTE TO DESPAIR. 350,000
    PRISON MINDFULNESS INSTITUTE
    98 COLUMBIA AVENUE
    CRANSTON,RI02908
    NONE PC PROVIDES PRISONERS, AND THOSE WHO WORK WITH THEM, WITH THE MOST EFFECTIVE CONTEMPLATIVE TOOLS FOR SELF-TRANSFORMATION AND REHABILITATION. 125,000
    PROJECT BREAD
    145 BORDER STREET
    BOSTON,MA02128
    NONE PC FUNDING PROVIDES HUNGER RELIEF GRANTS TO FOOD PANTRIES, SOUP KITCHENS, FOOD BANKS, FOOD SALVAGE PROGRAMS, AND FOOD TRANSPORTATION PROGRAMS. 30,000
    RESURGE INTERNATIONAL
    145 N WOLFE ROAD
    SUNNYVALE,CA94086
    NONE PC RESURGE HAS FOCUSED ON PROVIDING PEOPLE IN DEVELOPING COUNTRIES WITH ACCESS TO LIFE-CHANGING RECONSTRUCTIVE SURGICAL CARE THAT IS SAFE, TIMELY AND AFFORDABLE. WE TRAIN THE NEXT GENERATION OF RECONSTRUCTIVE SURGEONS IN AFRICA, LATIN AMERICA AND ASIA; WORK WITH THEM TO CREATE A SUSTAINABLE BUSINESS MODEL; AND TOGETHER, WE PROVIDE HIGH QUALITY RECONSTRUCTIVE SURGICAL CARE TO PEOPLE LIVING IN POVERTY AND IN REMOTE AREAS. 25,000
    ST BARBARA INSTITUTE FOR CONSCIOUSNESS STUDIES
    PO BOX 3573
    SANTA BARBARA,CA93130
    NONE PC CONTEMPLATIVE RESEARCH AND EDUCATION. 40,000
    STILL HARBOR
    666 DORCHESTER AVE
    BOSTON,MA02127
    NONE PC FUNDING TO SUPPORT THE OFFERING OF SPIRITUAL FORMATION AND ACCOMPANIMENT TO INDIVIDUALS AND ORGANIZATIONS CONCERNED WITH HUMAN THRIVING AND SOCIAL JUSTICE. 20,000
    TEENSMART INTERNATIONAL
    107 APPLE CART WAY
    MORRISVILLE,NC27560
    NONE PC LIFE-SKILLS EDUCATION FOR TEENAGERS 125,000
    THE GREATER BOSTON FOOD BANK
    70 SOUTH BAY AVENUE
    BOSTON,MA02118
    NONE PC TO END HUNGER IN EASTERN MASSACHUSETTS. THE OBJECTIVE IS TO DISTRIBUTE ENOUGH FOOD TO PROVIDE AT LEAST ONE MEAL A DAY TO THOSE IN NEED. 40,000
    THE HUNGER PROJECT
    15 EAST 26TH STREET
    NEW YORK,NY10010
    NONE PC FUNDING GOES TOWARDS EMPOWERING PEOPLE TO CREATE LASTING PROGRESS THROUGH EDUCATION, HEALTH, NUTRITION, FAMILY INCOMES AND GENDER EQUALITY. 100,000
    THOMPSON ISLAND OUTWARD BOUND
    PO BOX 127
    BOSTON,MA02127
    NONE PC TO PROVIDE INDIVIDUALS WITH ADVENTUROUS AND CHALLENGING EXPERIMENTAL LEARNING PROGRAMS THAT INSPIRE CHARACTER DEVELOPMENT, COMPASSION, COMMUNITY SERVICE, ENVIRONMENTAL RESPONSIBILITY AND ACADEMIC ACHIEVEMENT. 75,000
    UC DAVIS FOUNDATION
    1 SHIELDS AVE
    DAVIS,CA95616
    NONE PC FUNDING FOR UNIVERSITY OF CALIFORNIA, DAVIS TO EDUCATE STUDENTS. 123,716
    UNIV OF WISCONSIN FOUNDATION
    1848 UNIVERSITY AVENUE
    MADISON,WI53726
    NONE PC AIDS UNIVERSITY OF WISCONSIN-MADISON BY SOLICITING GIFTS AND BEQUESTS, ADMINISTERS AND INVESTS SECURITIES AND PROPERTY AND DISTRIBUTES PAYMENTS FOR BENEFIT OF UW-MADISON. 200,000
    UPAYA INSTITUE AND ZEN CENTER
    1404 CERRO GORDO ROAD
    SANTA FE,NM87501
    NONE PC UPAYA ZEN CENTER IS MODEL OF SOCIALLY ENGAGED BUDDHISM. IT BRINGS TOGETHER MANY PROJECTS FOCUSED ON SOCIAL TRANSFORMATION, INCLUDING WORK IN PRISONS, END-OF-LIFE CARE, SERVING THE HOMELESS, TRAINING OF CHAPLAINS IN SOCIALLY ENGAGED PRACTICE, PEACE AND NON-VIOLENCE WORK, TRAINING OF CLINICIANS ALL OVER THE WORLD IN COMPASSIONATE CARE, AND DELIVERING HEALTHCARE IN REMOTE REGIONS OF THE HIMALAYAS. UPAYA IS A GLOBAL COMMUNITY FOR THOSE WORKING TO CREATE RACIAL, ECONOMIC, AND ENVIRONMENTAL JUSTICE, COMPASSIONATE CARE FOR THE MOST VULNERABLE, AND A PLACE OF COMMITTED, DAILY CONTEMPLATIVE PRACTICE AND LEARNING THROUGH ITS RETREATS, TRAININGS, AND PROGRAMS, FREE DHARMA PODCASTS AND COMMUNITY SERVICES. 150,000
    WHOLE SCHOOL MINDFULNESS
    460 CHESTNUT STREET
    WRENTHAM,MA02093
    NONE PC WOMEN'S STUDIO WORKSHOP ENVISIONS A SOCIETY WHERE WOMEN'S VISUAL ART IS INTEGRAL TO THE CULTURAL MAINSTREAM AND PERMANENTLY RECORDED IN HISTORY. OUR MISSION IS TO OPERATE AND MAINTAIN AN ARTISTS' WORKSPACE THAT ENCOURAGES THE VOICE AND VISION OF INDIVIDUAL WOMEN ARTISTS, PROVIDES PROFESSIONAL OPPORTUNITIES FOR ARTISTS AT VARIOUS STAGES OF THEIR CAREERS, AND PROMOTES PROGRAMS DESIGNED TO STIMULATE PUBLIC INVOLVEMENT, AWARENESS, AND SUPPORT FOR THE VISUAL ARTS. 300,000
    WISDOM PUBLICATIONS
    199 ELM ST
    SOMERVILLE,MA02144
    NONE PC THE LEADING PUBLISHER OF CONTEMPORARY AND CLASSIC BOOKS AND PRACTICAL WORKS ON BUDDHISM, MINDFULNESS, MEDITATION, AND OTHER CONTEMPLATIVE TRADITIONS. WISDOM IS A NONPROFIT CHARITABLE ORGANIZATION DEDICATED TO CULTIVATING WRITERS AND TEACHERS THE WORLD OVER, ADVANCING CRITICAL SCHOLARSHIP, PRESERVING AND SHARING THE LITERARY CULTURE OF VARIOUS CONTEMPLATIVE TRADITIONS, AND HELPING PEOPLE FIND AND ENGAGE WITH THE TEACHERS, TEACHINGS, AND PRACTICES FOR A WISE AND COMPASSIONATE LIFE. 60,000
    WOMEN'S STUDIO WORKSHOP
    PO BOX 489
    ROSENDALE,NY12472
    NONE PC THE MISSION OF THE WOMEN'S STUDIO WORKSHOP IS TO OPERATE AND MAINTAIN AN ARTISTS' WORKSPACE THAT ENCOURAGES THE VOICE AND VISION OF INDIVIDUAL WOMEN ARTISTS. WE WORK TO PROVIDE PROFESSIONAL OPPORTUNITIES AND EMPLOYMENT FOR WOMEN ARTISTS AT VARIOUS STAGES OF THEIR CAREERS, AND TO PROMOTE PROGRAMS DESIGNED TO STIMULATE PUBLIC INVOLVEMENT, AWARENESS AND SUPPORT FOR THE VISUAL ARTS. 95,000
    Total .................................bullet 3a 5,597,307
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code
    (b)
    Amount
    (c)
    Exclusion code
    (d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........
        14 128,298  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............
        18 1,842,795  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 3,548,018 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,548,018
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow
    Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
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    TY 2021 AccountingFeesSchedule
    Name:
    THE HERSHEY FAMILY FOUNDATION
     
    ROPES & GRAY LLP/CCASEY
    EIN:
    34-1574366
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ERNST & YOUNG 23,900 11,950 0 11,950

    TY 2021 AllOthProgRltdInvestmentsSch
    Name:
    THE HERSHEY FAMILY FOUNDATION
     
    ROPES & GRAY LLP/CCASEY
    EIN:
    34-1574366
    Category Amount
    NONE 0

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE HERSHEY FAMILY FOUNDATION
     
    ROPES & GRAY LLP/CCASEY
    EIN:
    34-1574366
    Name of Bond End of Year Book Value End of Year Fair Market Value
    TOYOTA MTR CR CORP 298,617 300,126
    INTERNATIONAL BUSINESS MACHS CORP 299,838 302,745
    AT&T INC 313,233 302,286
    CATERPILLAR FINL SVCS CORP 299,810 303,132
    DTE ENERGY CO 150,077 149,748
    PUBILC SVC ENTERPRISE GROUP INC 312,780 304,242
    AMERICAN HONDA FIN CORP 299,889 304,755
    OKLAHOMA G&E CO 300,000 298,044
    WEC ENERGY GROUP INC 299,892 297,639
    XCEL ENERGY INC 299,718 298,011
    ENTERGY LOUISIANA LLC 299,946 297,603
    CONSOLIDATED EDISON INC 300,324 297,579
    PIONEER NATURAL RESOURCE 300,270 295,980
    SOUTHERN CO 299,973 296,187
    AMAZON.COM INC 299,629 297,114
    UNITEDHEALTH GROUP INC 299,688 297,666
    NATIONAL RURAL UTIL CORP 299,727 297,474
    THERMO FISHER SCIENTIFIC 300,062 299,718
    BANK MONTREAL 305,856 301,872
    USD BANK NOVA SCOTIA 299,883 297,657
    ROYAL BANK CANADA 300,120 296,358

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE HERSHEY FAMILY FOUNDATION
     
    ROPES & GRAY LLP/CCASEY
    EIN:
    34-1574366
    Name of Stock End of Year Book Value End of Year Fair Market Value
    GARRETT MOTION INC 5,441 11,644
    VERITIV CORP 11,014 74,890
    KIMBERLY CLARK 915,399 2,858,400
    KRAFT HEINZ CO 246,902 299,155
    MONDELEZ INTERNATIONAL INC 480,699 1,657,750
    UNILEVER PLC 1,014,835 2,517,372
    WALMART INC 1,120,688 3,617,250
    AVANOS MEDICAL INC 39,656 86,675
    BRISTOL-MYERS SQUIBB CO 508,563 1,247,000
    MERICK AND CO INC 974,446 4,111,276
    ORGANON AND CO 48,803 163,334
    PFIZER INC 875,902 3,120,793
    VIATRIS INC 48,041 88,716
    HONEYWELL INTL INC 485,009 3,023,395
    UNITED PARCEL SVC INC CL B 347,888 1,071,700
    INTEL CORP 441,681 2,987,000
    NORTON LIFE LOCK INC 157,635 233,820
    ORACLE CORP 314,200 1,744,200
    RESIDEO TECHNOLOGIES INC 14,576 62,888
    ADVANSIX INC 2,688 27,405
    INTL PAPER CO 719,878 1,503,360
    NEENAH INC 15,549 28,046
    SYLVAMO CORP 40,547 81,132
    AT&T INC 1,030,060 1,116,397
    ISHARES MSCI TAIWAN ETF 355,000 1,665,250
    EMERGING MKTS STK IDX ADM 601,340 725,478
    HIGH DIVIDEND YLD IDX ADM 1,629,469 2,536,282
    PACIFIC STOCK INDEX ADM 1,600,031 2,200,411
    500 INDEX FUND ADM 1,082,100 1,865,601
    ISHARES MSCI BRAZIL ETF 166,259 84,210
    AGILENT TECHNOLOGIES INC 398,795 2,394,750
    BANK OF AMERICA CORP 250,342 2,002,050
    CONDUENT INC 87,052 72,090
    FEDEX CORP 1,394,090 3,879,600
    GENERAL ELECTRIC CO 407,490 602,246
    INTL BUSINESS MACHINES CORP 385,394 467,810
    KEYSIGHT TECHNOLOGIES INC 153,805 1,548,825
    KRAFT HEINZ CO 592,800 682,100
    KYNDRL HOLDINGS INC 16,896 12,670
    PEPSICO INC 513,250 1,389,680
    PITNEY BOWES INC 97,234 80,886
    TOYOTA MOTOR CORP 224,350 648,550
    WABTEC 20,920 24,685
    OTHER VARIOUS SECURITIES 2,694,873 6,363,231

    TY 2021 OtherDecreasesSchedule
    Name:
    THE HERSHEY FAMILY FOUNDATION
     
    ROPES & GRAY LLP/CCASEY
    EIN:
    34-1574366
    Description Amount
    TIMING DIFFERENCES - GRANTS (2020) 506,945


    TY 2021 OtherExpensesSchedule
    Name:
    THE HERSHEY FAMILY FOUNDATION
     
    ROPES & GRAY LLP/CCASEY
    EIN:
    34-1574366
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MA PC FILING FEE 500 0 0 500


    TY 2021 OtherIncomeSchedule2
    Name:
    THE HERSHEY FAMILY FOUNDATION
     
    ROPES & GRAY LLP/CCASEY
    EIN:
    34-1574366
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    LIGITATION PROCEEDS 29 29 0


    TY 2021 OtherIncreasesSchedule
    Name:
    THE HERSHEY FAMILY FOUNDATION
     
    ROPES & GRAY LLP/CCASEY
    EIN:
    34-1574366
    Description Amount
    TIMING DIFFERENCES - GRANTS (2021) 315,000


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE HERSHEY FAMILY FOUNDATION
     
    ROPES & GRAY LLP/CCASEY
    EIN:
    34-1574366
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CUSTODIAN FEES AND BANK CHARGE 31,024 31,024 0 0


    TY 2021 TaxesSchedule
    Name:
    THE HERSHEY FAMILY FOUNDATION
     
    ROPES & GRAY LLP/CCASEY
    EIN:
    34-1574366
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 12,863 12,863 0 0
    FEDERAL TAXES 85,794 0 0 0